Is it worth using Actifit?

in #busy6 years ago (edited)

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Well I am not referring to use it as a health tracker but if it is worth the post via the Actifit dapp.

As you know or nor. When you do post via @actifit it is set as beneficiary. Not one but 2 account. The @actifit account itself for 5% and its sibling the @actifit.pay account also for 5%.
This latest account is use to pay to delegators.

How does it work?

When it is due for a post to get paid out, several steps are taking.
First the burned upvotes and extracted from the posting value. Next the curators are rewarded, then the beneficiaries.
When it is time for the beneficiaries to get their share, the 5% (or in the case of Actifit the combined 10%, isn’t actually 10% anymore but is decreased towards 7,5%. So the curation is extracted from it.

My calculations

Well I could use steemworld to get the exact figures but then I wouldn’t have a complete picture because the detailed payout of a post doesn’t go back for enough to get all posts.
So I did use the following:

  • Posting value
  • Upvote percentage of Acifit (just as an indication)
  • Actifit upvote value
  • Posting value – curation (I will ingore the burned part of a post)
  • The value of the Actifit upvote – curation
  • The value actifit gets
  • (The upvote of actifit – curation) – the share actifit got

So a detailed example:
My first actifit post did have a posting value of $1.25.
Actifit did upvote this post with 2.31%, representing a value of $0.09.
The post value after curation was $0.9375 ($1.25 * 75%).
The upvote value of actifit – curation was $0.0675
Actifit did get $0.0703125 ($0.9375 * 7.5%)
This post had a negative value. Actifit upvoted (after curation) with $0.0675 but got $0.0703125. So $-0.00281.

I did this exercise for all my 28 actifit posts.
Here is the complete table:

Post NumberPost ValueActifit upvoteActifit upvote %Post value after curationActifit upvote after curationActifit payoutProfit/Loss
11,250,0902,31%0,93750,06750,0703125-0,0028125
20,950,1603,84%0,71250,120,05343750,0665625
31,560,1803,44%1,170,1350,087750,04725
41,680,1702,91%1,260,12750,09450,033
51,260,0901,71%0,9450,06750,070875-0,003375
61,220,18299,50%0,9150,1350,0686250,066375
71,380,2303,94%1,0350,17250,0776250,094875
81,950,2603,88%1,46250,1950,10968750,0853125
91,760,2604,40%1,320,1950,0990,096
101,610,2103,53%1,20750,15750,09056250,0669375
110,410,1603,04%0,30750,120,02306250,0969375
122,080,16294,50%1,560,120,1170,003
131,590,1702,90%1,19250,12750,08943750,0380625
141,430,203,37%1,07250,150,08043750,0695625
151,370,1903,16%1,02750,14250,07706250,0654375
161,350,14246,50%1,01250,1050,07593750,0290625
171,390,24386,50%1,04250,180,07818750,1018125
181,50,27434,50%1,1250,20250,0843750,118125
191,710,23382,50%1,28250,17250,09618750,0763125
201,730,2103,62%1,29750,15750,09731250,0601875
211,020,28448,50%0,7650,210,0573750,152625
221,460,3462,50%1,0950,2250,0821250,142875
230,850,2603,62%0,63750,1950,04781250,1471875
241,660,405,16%1,2450,30,0933750,206625
252,47000,00%1,852500,1389375-0,1389375
262,930,4305,58%2,19750,32250,16481250,1576875
272,590,3404,61%1,94250,2550,14568750,1093125
281,230,33506,50%0,92250,24750,06918750,1783125

As you can see I did write 28 actifit reports and actifit missed only one with an upvote. And that is after that they changed their upvote timing. They did this because the engagement on a post can increase the upvote value of Actifit.
In total the actifit did upvote the other 27 post with an upvote value of $6.14 before curation and $4.605 after curation. This results in a profit of $2.165. That is an extra income of $0.07 per post on average.
But when you do start using actifit to post your reports, the actifit upvote value and percentage is less, than when you are climbing the actifit ranking.

Only the last 10 posts!

If I do take a look at my 10 last actifit reports, we do see different numbers. I did exclude the one which Actifit did miss to upvote!
In total actifit did upvote these with a total value of $3.05 before curation and $2.28 after curation. It was rewarded with $0.94 as beneficiary. The profit for me was $1.39. So more than $0.13 per post.
At the current value of steem, that is almost 0,25 Steem per post, which is actually not bad!

Some remarks

I know that this is not the most scientific calculation, sorry for that. It is just to give an impression.
There is a big difference if the actifit post was your only post of the day or not. If it was the only post of the day, you probably get some auto votes from Steemians which did configure one autovote per day, these votes are ofcourse not there when it is the second or more post in the day.
Out of the 28 days, only 3 posts did record a loss for me. But one of those 3 was a post that was missed by Actifit.

Conclusion

The more you use the actifit dapp to post, the more rewarding it will get. In the beginning I would like to advice only to post when you did hit the 10K mark. Below that the upvote will be less, so it will be harder to make a profit on the post!
I will keep on posting via Actifit when I do hit the 10K steps per day!
Edit: I did forgot to mention that this of course also depends on the posting value. If your post would have a regular value of $10 or maybe even $5, you will probably make a loss on posting via the actifit dapp. This would require an upvote of actifit of $1 to make it profitable!

Second edit:
As @nateonsteemit correctly pointed out we should also remind ourselves that we are not only rewarded with upvotes from the Actifit account, but that they also rewards us with Actifit tokens.
These are earned by posting the report and depending on the number of steps a certain amount of Actifit tokens is given to us. Also these can be earned by upvoting other actifit posts and posts from the official Actifit account.
It is hard to give a current value to these tokens at the moment, that is why I did leave them out! But it would be incorrect not to mention them! Thanks the comment Nate.

Hope that you did find this informative!

Cheers,
Peter


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Great review! The way I see it is that anything that can get us more Steem is great! The added incentive is your fitness so all accretive in nature which is great!

Thanks!
The fitness is the best reward we get from it. Sometimes I even take the stares in stead of the elevator to reach my 10k steps 😁
Only down up is mostly with the elevator!

thanks for doing such a detailed post on this @fullcoverbetting . I always think about these things but never calculate it through like that. Really interesting results. I use @actifit everyday but my posting value is really low so I think I'm good. It has become an obsession with me lol.

It really can be addictive.
Also nice to know that you at least always will have one post per day!

yea for sure. I always do one on @actifit. 1 on @dtube and one on @busy as well

Thanks for this interesting article @fullcoverbetting. Correct me if I'm wrong but the beneficiaries payments are not part of the payout mentioned in Steemit, which means you shouldn't deduct them. Have a read through this article. If you have any information that this article isn't valid (anymore) please let me know.

Mmh didn’t know this.
I did double check a post on steemworld and that confirms what you are writing.
But I doubt it that it would change the result much. The only difference with the figures I should have been used is that the posting value was lower than it should have been. In some cases actifit would have gotten a bigger share, so the result are a little bit optimistic!
Thanks for the comment abd the explanation!
Cheers,
Peter

Thanks for the confirmation. I've just introduced the daily Actifit STEEM distribution in my daily report and was just wondering if I used the wrong information.

What about when you figure the token earnings? Obviously we don't have the values on it yet, as it doesn't exist yet, but in the pre-sale leading up to launch, they're currently $0.05, and will work up to $0.12 the month of launch (May). To me, figuring for five cents a token, I've earned a couple hundred bucks in the last couple months of using it. That makes it more profitable in a few months than my steem account in almost a year.

Granted, this isn't a real value yet, as the tokens don't exist, but I think five cents is a decent number to start off at. It'll also improve value to have some kind of ecosystem is built with the dapp that can be used on relevant good, but most cryptos don't have that yet.

Posted using Partiko Android

You are right. I completely forget and ignored the tokens. That should indeed be incorperated into the calculations.
But like you wrote we don’t know the value of the tokens yet!
Should have incorperated it!
Thanks,
Peter

Congratulations! Your post has been selected as a daily Steemit truffle! It is listed on rank 7 of all contributions awarded today. You can find the TOP DAILY TRUFFLE PICKS HERE.

I upvoted your contribution because to my mind your post is at least 9 SBD worth and should receive 216 votes. It's now up to the lovely Steemit community to make this come true.

I am TrufflePig, an Artificial Intelligence Bot that helps minnows and content curators using Machine Learning. If you are curious how I select content, you can find an explanation here!

Have a nice day and sincerely yours,
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TrufflePig

So according to your calculations, just the post reaching 10K steps will get better chances to be profitable their posting via actifit app. am I wrong?

No that is correct but of course it all dependa on the posting value.
How higher the value of your post is, the less chance you will have to make a profit.
Suppose that the post has a value of $10, than the upvote of actifit to make a profit should be higher than $.9

It is a cool analysis for something you already do.

Posted using Partiko Android

Great analysis! Actually I didn't know that Actifit is getting some of the author payout as beneficiary, so that alone is a good thing to take from this analysis. Besides that, it is nice to see that it is beneficial in the end.
Did you also delegate some of your SP to @actifit or not?
Cheers!

No delegation so far!

Your post has been hand-picked by an Actifit moderator for Actifit reward as having great content.
You've been accordingly rewarded 150 Actifit tokens, as well as an Actifit upvote.
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Actifit..Rewarding Fitness Activity
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Thank you for a great post!
Keep in mind also there are several additional factors besides your actual activity level that affect your reward, as of V2 reward system we launched many weeks back.
Those include your Actifit User Rank (which is calculated based on your SP delegated to Actifit, total AFIT tokens held, # of total rewarded actifit reports, and last 10 days activity), and also the post content quality, engagement the post receives (upvotes and quality comments), and moderator review.
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I know. That’s why the more you use to more rewards you are getting.
Thanks for the more detailed explanation!

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